Continue learning with practice questions: mru.io/32n
@KhaiNguyen-sj3tx8 жыл бұрын
Your videos are always great and be made professionally!!! Thanks for all your hard work!
@liaqatalihassanzadah46717 жыл бұрын
Absolutely useful and very understandable. Thanks a lot.
@emiraadam59494 жыл бұрын
Have exam tomorrow and this helped me a lot 🙏🏾🙏🏾🙏🏾
@oluwaseunadeoyeoyebamiji35923 жыл бұрын
Thank you for the wonderful video. I have a question, for the Agricultural commodity market (Very close to perfect competition) , Farmers have no where else to go. DOes 7:37 of the video imply that subsidy to the agricultural sector will result in no Dead Weight Loss?
@dandiaran4 жыл бұрын
Thank you for this! Just one question: what software do you use to draw the graphs? I've been drawing on Paint and it's killing me...
@lambdacore0167 жыл бұрын
How do we analyze total consumer surplus and total producer surplus after subsidy? Would there be overlapping areas in the diagram for each surplus?
@Frizataufik4 жыл бұрын
bentuknya setengah trapesium bro masing2
@jan-owennugent19329 жыл бұрын
That's pretty kewl. I learned something new today.
@sebastianodalsie76874 ай бұрын
I have a question. if the subsidy were for both (producer and consumer) and the government subsidy were in percentages (example 70%). how should the exercise be set up?
@AllAboutJailbreak7 жыл бұрын
is there excess demand and a deadweight loss with a subsidy?
@IonSterpan7 жыл бұрын
Yes, there is a deadweight loss. Deadweight loss is produced either by to little trade of some good x (when society loses gains from trades which fail to occur) or by too much trade of that good. In the latter case society loses the value which it puts in the subsidy, since in the absence of the subsidy those resources could have been used for something else. But there is no excess demand, because the definition of excess demand is an excess quantity demanded relative to the quantity supplied at a certain price. Or in other words, it is the difference between the demand function and the supply function, at any price. Questions of excess demand arise in the case of a price ceiling. If we were to graph a price ceiling we would drive a horizontal wedge from below between supply and demand. That wedge shows the difference in quantity demanded and supplied. In contrast, subsidies drive a vertical wedge from the right side. It shows the difference in the price received by suppliers and price paid by demanders.
@mannatkalra71742 жыл бұрын
Great explanation! Thank you!!!! :)
@MichaelSzemethy7 жыл бұрын
Do you have a link for the lobbyist and politicians pushing these subsidies?
@chrisjamel84612 жыл бұрын
depending on how free market the public sector is....that is to say politically free, negates the deadweight loss. If i spend my vote/political energy or currency on politicians who support subsidies then where is the in efficiency...in fact politically calculated subsidies are imop strategically calculated price adjustments that correlate to public sector market values. These political values may be hard to represent initially.
@luisblackaller117 жыл бұрын
in a perfect market with a subsidy is consumer and producer surplus equal?
@a.a34083 жыл бұрын
Depends on the elasticity
@raygaytan18367 жыл бұрын
My new Instructor!
@chrisjamel84612 жыл бұрын
But then again not all public sector values are productive. Assuming humans will act in mostly rational ways, overtime subsidies will correct for public sector failures. for instance tax write offs such as for charity...in fact charity is far more efficient than taxes imop. but lets say a tobacco subsidy which might cost society externalities and be counterproductive...is still technically productive. in its isolation it weakens the economic power of those reliant upon it. So in conclusion some subsidies strengthen while others weaken.
@gurujibriyani40074 жыл бұрын
Sir i have a question , will minimum price schemes on farm produce beneficial for farmers or farm subsidies on farm produce ?
@gwho7 жыл бұрын
11:11 the subsidy is for water. but the elasticity is for cotton. shouldn't the comparison be for the elasticity of water to make a fair comparison? But additionally, what actually are the dynamics and effects of a subsidy on an input good (capital good) depending on the elasticity of the produced good?
@GatherYeRosebudsWhileYeMay8 жыл бұрын
convoluted
@rashad8626 жыл бұрын
why the supply curve is not shifting?
@luukverberk61163 жыл бұрын
Thank you very much!
@SureshRajaManickam6 жыл бұрын
Thank you for the video.
@jillianconte Жыл бұрын
thank you!!!!
@josephpostma17873 жыл бұрын
So subsidies are like tariffs?
@abugosok80002 жыл бұрын
as a customer, I need to pay even more since legal poor statement in form of gov certificate is not on my pocket.
@PikaJayden2 жыл бұрын
Confused.
@costarica80329 жыл бұрын
+Jan-owen Nugent Are you interested in living in an Eco village? You should come check out our eco-village in the mountains of southern Costa Rica. It's amazing with thousands of fruit trees, great water and more. Seriously, email me +Costa Rica.
@cutty028 жыл бұрын
Subsidies= no free market
@Thsiscool7 жыл бұрын
Yep. More government interference only distorts the overall market.
@FilthyVarmint6 жыл бұрын
Bobby Lashley fucking statist
@bobbylashley1926 жыл бұрын
Indeed, I'm for the common good, when will you realize there's more to life than Iphones and bitches in bikinis
@FilthyVarmint6 жыл бұрын
Bobby Lashley When will you realize the governments usefulness is limited?
@bobbylashley1926 жыл бұрын
When will you stop reiterating shapiro/yianno/basic bitch talking points, the government is useful lol
@tonic10k644 жыл бұрын
Whos here for Mr Morrissey IB?
@raysommers29034 жыл бұрын
I can sum up this video as "government subsidies are always bad for the people and the economy".
@refrenlix6 ай бұрын
Mass heric ha7[∆ spacehesp liy
@AllAboutJailbreak7 жыл бұрын
is there excess demand and a deadweight loss with a subsidy?